Cenovus announces first-quarter 2026 results
Cenovus Energy reported Q1 2026 revenue of $12.4 billion with record upstream production of 972,100 BOE/d, supported by $3.4 billion in adjusted funds flow. The Board approved a 10% increase to the quarterly dividend to $0.22 per share and returned a total of $1.0 billion to shareholders through buybacks and dividends.
Key figures
- Eps
- 0.83
- Revenue
- $12.4 billion
- Guidance
- West White Rose first oil expected in Q3 2026; Sunrise production ramping towards 70,000 bbls/d by 2028; Net debt target of $4.0 billion
- Revenue Yoy
- up from $10.9 billion in Q4 2025
- Net debt
- 8058000000
- Free funds flow
- 2207000000
- Adjusted funds flow
- 3377000000
- Upstream production boe per day
- 972100
- Downstream throughput bbls per day
- 458500
AI analysis
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